Quite disgusting.
17% discount to VWAP-15 plus free warrants.
Doing a quick Black-Scholes, these should be worth around 30c, which means the raise was done almost at a 25% discount.
Yikes, even shells dont raise at such a discount.
Glad I only have a token holding left.
Ann: CAD$30M Funding Arranged for Canadian Dual-Listing, page-20
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